What to do
Date: Thu, 01/06/2011 - 13:57
I am a moron, and an idiot! I took an installment loan from First Bank of Delaware, and cannot afford to pay back the loan due to my other financial obligations!
I was able to make one payment, in December, and ???pushed??? the other payment forward until January 14th, 2011, (the payment was due today 1-6-11). The payment is only for 115.00, but right now I am living paycheck to paycheck (just like everyone else in America???.)
What happens if I can???t afford to repay the loan? Will First Bank of Delaware, take me to court and sue me? Or they place a lien against me?
I was able to make one payment, in December, and ???pushed??? the other payment forward until January 14th, 2011, (the payment was due today 1-6-11). The payment is only for 115.00, but right now I am living paycheck to paycheck (just like everyone else in America???.)
What happens if I can???t afford to repay the loan? Will First Bank of Delaware, take me to court and sue me? Or they place a lien against me?
FBD is a bank, they will probably either turn your loan over to
FBD is a bank, they will probably either turn your loan over to a collection agency, or sue you, or both. I would make payment arrangements with them, if I were you.
Should I contact them again directly? Does First Bank of Dela
Should I contact them again directly?
Does First Bank of Delaware have a history of working with it's delinquent accounts?
Yes you should call them. You need to set up an alternate payme
Yes you should call them. You need to set up an alternate payment arrangement with them. ARe you currently on a bi-weekly schedule? Maybe they could move you to a monthy schedule instead. If you've only made 1 payment, it's likely they're not going to be all that nice about it as you have not history of good payment established with them.
